Sarvodaya Development Finance PLC (SDF), Sri Lanka’s fastest-growing licensed finance company, has reported its highest-ever profitability for the fiscal year 2024/25, with Profit Before Tax doubling to LKR 1,139 million and Profit After Tax rising by 89.8% to LKR 473.8 million.
The company’s stellar performance highlights its commitment to sustainable growth, inclusive finance, and grassroots development, despite a backdrop of cautious national economic recovery.
Backed by a resilient and diversified lending portfolio, SDF’s key financials saw significant gains:
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Total Income grew by 31.5% to LKR 4.37 billion
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Net Interest Income rose 48.3% to LKR 2.64 billion
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Total Operating Income increased by 47.2% to LKR 2.95 billion
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Total Assets expanded 51.3% to LKR 22.5 billion
The company’s cost-to-income ratio improved from 53.9% to 46.5%, and Net Asset Value per Share climbed to LKR 26.36, up from LKR 23.87. These figures underline SDF’s robust financial governance and its strong track record of dividend declarations.
SDF was also recognized as the top performer in Category 4 (institutions with assets under Rs. 20 billion) by K Seeds Investments Ltd., just prior to graduating to a higher asset class. Its capital adequacy ratios remain well above regulatory thresholds.
Beyond the balance sheet, SDF continues to drive social impact through agri-entrepreneurship forums, rural financial inclusion programs, drip irrigation financing, and cross-border knowledge sharing with India and Thailand. It has also earned full membership in the Global Alliance for Banking on Values (GABV) and is set to host the GABV Asia-Pacific Conference and Annual Board Meeting in Colombo this October.
SDF also won the Gold Award at the TAGS Awards 2024 (organized by CA Sri Lanka) for the third consecutive year, recognizing its excellence in transparency, accountability, governance, and sustainability.
Chairman Channa de Silva stated,
“As SDF scales, we do so with humility and resolve, honoring the legacy of the late Dr. A.T. Ariyaratne. We are in discussions with global impact investors to secure low-cost development finance and expand our digital and micro-lending capabilities.”
CEO Nilantha Jayanetti added,
“Our performance reflects not just numbers, but the strength of our development-focused philosophy. We are not only growing—we are shaping the future of values-based banking in Sri Lanka and beyond.”
With bold expansion plans and a renewed focus on inclusive finance, SDF is positioning itself as a transformative force in Sri Lanka’s financial landscape.
